Flat Fee MLS
Posted in Alternative Business Models By chris cotto, Saturday, December 12, 2009.If you list with a typical 6% Realtor, and the property sells, you pay the whole 6%, even if the buyer is your neighbor and the Realtor didn't do anything other than put his sign in the yard and enter the listing in MLS. It gets worse - if you read the fine print in the typical 6% listing contract, you'll notice that you owe the entire commission if you want to cancel your listing early (perhaps because the agent didn't do anything), or if you lease the home without the agent's permission! The main reason so many sellers sign such contracts is that they never read them. http://www.salebyownermls.net

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